Böcker i Emerging Markets Studies-serien

Since 1998, South Korea underwent a dramatic change, from a "tiger in trouble" in the wake of the Asian crisis to a showcase of economic development. This book deals not with the causes of the crisis, but rather with the implications for the development of a new economic model in South Korea by applying the theory of economic transformation.

This book investigates the institutional underpinnings of economic performance in Central Asia. The New Institutional Economics as well as Political Economy approaches provide the conceptual framework for case studies. All contributions consider factor markets and institutions as fundamental drivers of economic growth.

The book focuses on Kazakhstan's transition path. It describes the type of market economy that has evolved in the country since 1991. The Varieties of Capitalism approach and a core - periphery analytical framework are applied to classify the model of capitalist economy in the country. The research design is based on qualitative interview study.

What is the economic order of state capitalism? Furthermore,how can its significant performance differences be explained? The firstquestion is tackled with the help of New Institutional Economics by developinga model of state capitalism.

State intervention in economic activities to drive development requires specificinstitutional prerequisites that maintain strategic collaboration between thestate and businesses.